The business cycle is defined as
A) changes in the stock market.
B) changes in financial markets.
C) persistent growth in potential GDP.
D) irregular ups and downs in production and jobs.
E) the period of time during which the unemployment rate is rising.
D
Economics
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The multiplier is computed as MPC / (1 - MPC)
a. True b. False Indicate whether the statement is true or false
Economics
According to Figure 17.7, improved management would most likely result in
A. A shift in the long-run aggregate supply from LRAS2 to LRAS1 B. A shift in the AD curve from AD1 to AD2. C. A shift in the AD curve from AD2 to AD1. D. A shift in the long-run aggregate supply from LRAS1 to LRAS2
Economics